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单词 trust
释义

trust

trust1. An arrangement enabling property to be held by a person or persons (the trustees) for the benefit of some other person or persons (the beneficiaries). The trustee is the legal owner of the property but the beneficiary has an equitable interest in it. A trust may be intentionally created or it may be imposed by law (e.g. if a trustee gives away trust property, the recipient will hold that property as constructive trustee for the beneficiary). Trusts are commonly used to provide for families and in commercial situations (e.g. pensions trusts). See alsodiscretionary trust; 18–25 trust; interest-in-possession trust; relevant property trust. trust bank A Japanese bank that both lends and accepts savings; it also carries out trust activities, usually involving property or pension funds.

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更新时间:2024/11/13 18:34:55